Half year 2021 SPINEWAY Sales Turnover : a positive growth and dynamic
13 Juli 2021 - 06:00PM
Half year 2021 SPINEWAY Sales Turnover : a positive growth and
dynamic
Press
release
Ecully,
13 July
2021 – 6
p.m.
Revenue for the first half of
2021:
+30%
- A dynamic and growth-promoting six months
- Recovery confirmed during the second quarter
of 2021
- First step in building a European
contender
In an international context that is still
disrupted by the global pandemic,
Spineway recorded
a 153% increase
in revenue for the second quarter of 2021
compared with Q2
2020, driven by the
recovery of its activity in its main territories and the
integration of Distimp.
This positive direction and the Group’s efforts to support its
clients made it possible to generate revenue of
€1 885K
as at 30
June 2021
and post a 30%
increase compared with the first half of
2020.
In thousands of euros |
2021* |
2020 |
% variation |
Q1 revenue |
866 |
1 046 |
-17% |
Q2 revenue |
1 029 |
407 |
+153% |
HY1 revenue |
1 885 |
1 452 |
+30% |
Proforma
HY1
revenue** |
2 140 |
1 452 |
+47% |
*Figures not audited including revenue from
Distimp since its acquisition date, i.e., from 26 June 2021 through
30 June 2021, representing €11K.** The unaudited proforma revenue
includes the revenue from Distimp as from 1 January 2021.
During this first half of 2021, each of the
Group’s territories recorded a net increase in revenue that should
allow a progressive return to the level of revenue achieved in
2019. Continued international development is bearing fruit, with
sales in Latin America – the Group’s top-performing area
representing 45% of revenue – increasing
38% by the end of June
(€850K)
and Asia posting
a 30% increase
with
€438K.
Europe recorded an increase of
18% (€423K), led by strong growth
in France (+43%). The US saw its
first orders via a new distributor located in Ohio1 during the
second quarter of 2021.
A dynamic and growth-promoting six
months
The various marketing activities and
developments implemented by the Group during these first six months
allowed Spineway to generate growth of
32% for its implant sales
and 22% for its instrument
sales compared with the first half of 2020. This volume
effect alongside the increase in average sales price thus
contributed to the improved performances during this period.
The signature of a national distribution
agreement in Malaysia2, the setting up of a workshop in Thailand
dedicated to the use of its products, in particular the Mont Blanc
MIS, and the signature of a contract in the United Sates3 are
actions emblematic of the Group’s desire to increase its
sales worldwide.
Determined to make
itself a European leader in the spine industry, the Group
also acquired the start-up Distimp4 in order to expand its
spinal-product lines and its positions in Europe, particularly in
France. This acquisition, which has many synergies with the Group,
provides new growth possibilities and marks the first step in
building a European leader in the spine industry.
With these dynamic first six months and
its investment capacity remaining intact,
Spineway is demonstrating its desire to strengthen
its positions in the field of
spinal surgery and its ability to increase sales worldwide by
seizing growth opportunities providing synergies that create value
for the Group.
SPINEWAY
IS
ELIGIBLE FOR THE
PEA-PME (EQUITY SAVINGS PLANS FOR
SMES)Find out all about Spineway at www.spineway.com
Upcoming:
6 September 2021 -
2021 half-year results
This press release has been prepared in both
English and French. In case of discrepancies, the French version
shall prevail.
Spineway
designs, manufactures and markets innovative implants and surgical
instruments for treating severe disorders of the spinal
column.Spineway has an international network of
over 50 independent distributors and 90% of its revenue comes from
exports.Spineway, which is eligible for investment
through FCPIs (French unit trusts specializing in innovation), has
received the OSEO Excellence award since 2011 and has won the
Deloitte Fast 50 award (2011). Rhône Alpes INPI Patent Innovation
award (2013) – INPI Talent award (2015). ISIN:
FR0011398874 - ALSPW
Contacts:
SPINEWAYShareholder-services
lineAvailable Tuesday through Thursday(10 a.m. – 12
p.m.)+33
(0)811 045
555 |
Qualified PEA / PME ALSPWEuronext Growth |
AELIUM FInance & ComunicationInvestor
relationsSolène
Kennisspineway@aelium.fr |
1 Press release dated 29 March 2021 2 Press release dated 11
February 2021 3 Press release dated 29 March 2021 4 Press release
dated 28 June 2021
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